MOODY’S Investors Service has lowered its growth forecast for the Philippine economy this year after taking into account the impact of the coronavirus disease 2019 (Covid-19) outbreak on the demand and supply chain in the Asia-Pacific.
The Quantum-ultra class cruise ship "Spectrum of the Sea" docked inside the Manila South harbor on 16 February 2020. Despite the threat of the COVID-19, the Philippine Coast Guard (PCG) allowed the ship to dock at a port in Manila. Photo by: Mike Alquinto